Question: Moore Math Analysis Inc., purchased a new computer. Give the journal entry for the acquisition of the new computer . List price of new computer

Moore Math Analysis Inc., purchased a new computer. Give the journal entry for the acquisition of the new computer.

List price of new computer with no trade-in $60,000

Cash price of new computer with no trade in $53,000

Moore Math Analysis Inc. received a trade in allowance (based on list price) of $15,000 on dissimilar machine costing $25,000 new and having a present book value of $12,000

The express delivery service charged Moore $1,200 to deliver the computer

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